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CBI Independence to Remain Low Despite Banking Bill: Think Tank

CBI Independence to Remain Low Despite Banking Bill: Think Tank
CBI Independence to Remain Low Despite Banking Bill: Think Tank

In a new appraisal of the Central Bank Bill, the Majlis Research Center, the expert wing of Iran’s Parliament, said the bill will potentially enhance the independence of the Central Bank of Iran, but that won’t be sufficient.

MRC’s review showed that CBI will still remain among the 25% of countries with the lowest level of central bank independence from the government.

In June 2021, lawmakers approved the outlines of the Central Bank Bill as part of a broader banking legislation. The bill aims to reform CBI’s organizational structure and make changes in its governance.

The MPs backing the bill said the new rules will raise the independence of central bank above the world average. 

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